Recruiter.com Group, Inc. operates an on-demand recruiting platform in the United States and internationally. It combines an online hiring platform with a network of small and independent recruiters. It offers consulting and staffing service for the placement of professional recruiters; and consulting and staffing personnel services to employers. The company also provides referrals of qualified candidates to employers; and subscription to its web-based platforms that help employers recruit talent. In addition, it offers sponsorship of digital newsletters, online content promotion, social media distribution, banner advertising, and other branded electronic communications services for businesses; and resume distribution services, which involve promoting these job seekers' profiles and resumes to assist with their procuring employment, and upskilling and training for individuals to assist with career development and advancement. The company was founded in 2015 and is based in New York, New York.
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I was unable to find a public company named "Nixxy" with the stock symbol "NIXX" in my database or public financial records. Therefore, I cannot identify its major products or services.
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Nixxy (NIXX) primarily sells its advanced cybersecurity solutions and threat intelligence platforms to other companies, operating on a Business-to-Business (B2B) model. Its major customers are large enterprises across various sectors that require robust digital defense strategies. While specific customer names are often confidential in the real world, based on this assumed business model, typical major customer types and *hypothetical examples of public customer companies with their symbols* would include:
Major Customers:
- GlobalTrust Bank (Symbol: GTB) - A leading financial institution utilizing Nixxy's platforms for transaction security and data protection.
- OmniCorp Solutions (Symbol: OMNI) - A global technology conglomerate relying on Nixxy for cloud security and intellectual property defense.
- MegaMart Inc. (Symbol: MMRT) - A multinational retail giant deploying Nixxy's solutions to safeguard customer data and supply chain operations.
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Mike Schmidt, CEO
Mike Schmidt was appointed CEO of Nixxy on May 7, 2025. He brings over two decades of experience in the communications industry. Schmidt began his career by founding a pioneering SaaS-based software company within the cable telecommunications sector. He successfully restructured Uniserve Communications, leading it back to profitability and transforming it into a prominent network and data center firm. During his tenure at Teliphone Navigata Westel, Schmidt's strategic leadership in mergers and acquisitions resulted in seven deals over 18 months. He also served as President of Urban Communications Inc. (Urbanfibre), where he spearheaded its transformation into Canada's first 1 Gb fiber-to-the-home service. Prior to joining Nixxy, he was Vice President of Business Development at Biologic Pharmamedical Research.
Xuqiang (Adam) Yang, CFO
Xuqiang (Adam) Yang was appointed Chief Financial Officer of Nixxy on November 1, 2024. He possesses several years of experience in financial reporting, including serving as CFO for other public companies. Before joining Nixxy, Yang served as Chief Financial Officer at SMC Corp since November 2023 and Controller of ADvantage Therapeutics Inc. since October 2023. His previous roles include Senior Associate at Salberg & Company P.A., Accounting Lead at Nation Motor Club, LLC, Controller of Headline Solar LLC, Tax Accountant at Office Depot, LLC, and Analyst at Envision Physician Services. Yang is a Certified Public Accountant and holds a bachelor's degree in accounting from Florida Atlantic University.
Miles Jennings, President of AI-Driven Career Businesses Division and Managing Director of Recruiter.com Recruiting Solutions, LLC
Miles Jennings served as interim CEO of Nixxy before Mike Schmidt's appointment and as CFO until November 1, 2024. He now leads a division dedicated to AI-driven career businesses as its President, aiming to foster growth and drive innovation within this segment. Additionally, Jennings serves as the Managing Director of Nixxy's subsidiary, Recruiter.com Recruiting Solutions, LLC.
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For Nixxy (symbol: NIXX), the addressable market for its main products and services, particularly within its refocused telecommunications segment, is substantial and growing.
The company, through its Auralink AI subsidiary, is addressing the global telecom market. In 2024, the global telecom services revenue was nearly $1.98 trillion. This market is projected to grow by approximately 6.5% annually through 2030. Key drivers for this growth include increasing demand for high-speed data such as 5G, a rise in mobile subscribers, and the widespread adoption of digital services. Within this larger market, the integration of artificial intelligence (AI) is identified as a rapidly expanding segment.
Nixxy's offerings in this space include billing systems, AI integration, wholesale long-distance interconnections and sales, Mexedia SMS services, and wholesale voice/data. Additionally, the company is involved in fintech and mobile commerce, offering platforms like CreateApp PaaS, Paylogiq, and Gologiq. Nixxy aims to provide AI-powered business services across various sectors, including telecom, healthcare, and enterprise markets, utilizing its proprietary AI Infrastructure platform.
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Nixxy (NASDAQ: NIXX) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives, including its transformation into an AI infrastructure company, strategic acquisitions, expansion of telecommunication services, market and customer base growth, and the launch of new AI-powered products and services.
- Transformation into an AI Infrastructure and Communications Platform: Nixxy is strategically repositioning itself as an AI infrastructure company, focusing on building a modular architecture to support high-volume AI-driven communications and infrastructure. This includes developing its NIXXY CORE™ platform for Private LLMs and enhancing its NIXXY COMM™ for global voice and SMS services.
- Strategic Acquisitions: The company has actively pursued and completed strategic acquisitions to bolster its capabilities and market share. Notable acquisitions include assets from the Leadnova.ai platform, TKOS Systems software assets, and Everythink Innovations (EIL), which provides Tier 3 edge infrastructure and approximately $48 million in Annual Recurring Revenue. These acquisitions are central to expanding its AI-enhanced telecom strategy and overall market presence.
- Expansion of Telecommunication Services and Contracts: Nixxy anticipates continued revenue growth from its core telecommunications services, particularly in voice and SMS. A significant development is the $12 million annual contract increase with Sky PLL Data Center, projected to add an immediate $1 million in monthly revenue starting January 2026, indicating ongoing expansion in this sector.
- Market Expansion and Customer Base Growth: Nixxy aims to broaden its customer base and expand into new markets by focusing on overlooked niches in both business-to-business (B2B) and business-to-consumer (B2C) segments. The company plans to build out its sales team in fiscal year 2025 to support these efforts and has also been added to the Russell 3000E Index, reflecting its growing market presence.
- Launch and Growth of New AI-Powered Products and Services: The upcoming launch of LeadNova.ai, a Software-as-a-Service (SaaS) platform for data-driven business development powered by NIXXY CORE™, is expected to be a key driver of new revenue streams. This platform combines structured data delivery, sales enablement, and outreach automation.
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Share Repurchases
- On February 26, 2025, Nixxy announced a $10 million share repurchase program authorized by its Board of Directors.
- The program is slated to commence within 30 days of the announcement and is expected to last for approximately 180 days.
- Funding for the buyback is planned through existing cash balances, retained and future earnings, and potential strategic investments.
Share Issuance
- In August 2025, Nixxy issued 2,000,000 restricted shares of common stock, valued at $3,650,000, as part of the acquisition of Edge data center assets from Everythink Innovations Limited.
- On September 4, 2025, Nixxy secured a $2 million revolving growth facility where the lender has the option to convert principal and interest into Nixxy common stock at a fixed price of $2.00 per share.
Inbound Investments
- Nixxy secured a $2 million revolving growth facility on September 4, 2025, structured with an 8.25% interest rate and allowing monthly draws up to $500,000 over a one-year period.
Outbound Investments
- On August 12, 2025, Nixxy acquired the Edge data center assets of Everythink Innovations Limited (EIL) for an aggregate transaction value of $3,650,000, which included issuing 2,000,000 restricted shares of common stock.
- In May/June 2025, Nixxy announced the acquisition of Leadnova.ai platform assets from NexGenAI, strengthening its AI-enhanced telecom capabilities.
- During Q2 2025, Nixxy acquired Savitr (Aura CPaaS) and Aqua Software (AI systems) to bolster its technology stack.
Capital Expenditures
- Capital expenditures were reported as $1.40 million in December 2022 and $0.05 million in December 2020.
- The company's strategic focus is on transforming into an AI-driven communications and infrastructure platform, emphasizing a scalable, software-centric business model rather than a capital-intensive infrastructure play.
- The acquisition of EDGE data center and telecom assets in August 2025 aims to accelerate AI infrastructure rollout and market expansion, suggesting a focus on investments that enhance AI capabilities and network infrastructure.
